What May Impact Mortgage Rates this week: September 14, 2015

mortgageporter-economyAll eyes and ears are on the Fed this week as we wait to see if they will raise rates on Thursday following the wrap up of their two day meeting. The Fed does not control mortgage interest rates, however, they do have a lot of influence on the direction of mortgage interest rates. Here are some of the economic indicators scheduled to be released this week:

  • Tuesday, September 15: Retail Sales; Empire State Index
  • Wednesday, September 16: Consumer Price Index (CPI); Housing Market Index
  • Thursday, September 17: Initial Jobless Claims; Housing Starts; Building Permits; Philadelphia Fed Index; FOMC Meeting

Mortgage rates are still lower, however they are compared to my last rate, post two weeks ago. As I write this post, Monday, September 14, 2015 at 12:05 pm, I’m quoting:

EDITORS NOTE: Rates posted below are EXPIRED! For current rates for homes located in Washington state, click here.

  • 30 year fixed: 3.875% (apr 3.984%) priced with 0.784 points with p&i of $1,880.95.
  • 20 year fixed: 3.625% (apr 3.797%) priced with 0.982 points with p&i of $2,345.61.
  • 15 year fixed: 3.125% (apr 3.342%) priced with 0.989 points with p&i of $2,786.44.

Rates quoted above are based on a purchase in the greater Seattle – King County area with a sales price of $500,000, 20% down payment and a conventional loan amount of $400,000. The home buyers have excellent credit with credit scores of 740 or higher and the transaction is closing by October 22, 2015 or sooner.

Rates quoted are subject to credit approval and may change at any time. This is just a small sample of the mortgage rates and programs that I have available. If you would like me to provide you with a mortgage rate quote for your home purchase or refinance on your home located anywhere in Washington state, please click here.

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